Austrian government launches privatization tender

Austrian Airlines Group majority shareholder OIAG launched the tender for its 42.75% stake in the flag carrier, informing potential bidders that they have until Aug. 24 to declare their interest, according to press reports (ATWOnline, Aug. 13).

Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More

The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More